IDEAS home Printed from
   My bibliography  Save this paper

The Impact of the Rule of Law on the Structure and Function of Securities Markets


  • Larry Alan Bear
  • Rita Maldonado-Bear


The time is long past when either economist or lawyers, on the basis of their own singular disciplinary focus, could fully understand or cope efficiently with either the forms, or effects, of law and regulation on the competitive market system. all markets-law interfaces are interdisciplinary and can be understood best by focusing upon the fundamental underpinnings of both professional systems. The paper attempts to make clear to both academics and managers involved with securities markets, the Constitutional-Rule of Law basis for legal and regulatory activity here- and how quickly such activity can change and produce immediate, profound effects on both markets and participants. The paper focuses on several current and troublesome securities areas, and concludes with an examination of the future and securities markets law and regulation in cyberspace.

Suggested Citation

  • Larry Alan Bear & Rita Maldonado-Bear, 1999. "The Impact of the Rule of Law on the Structure and Function of Securities Markets," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-039, New York University, Leonard N. Stern School of Business-.
  • Handle: RePEc:fth:nystfi:99-039

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:nystfi:99-039. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.